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20121112
20121120
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on the growing debt. john boehner and president obama are the primary negotiators. what are both sides going to need to do to get the job done? chris van hallen joins us now. thanks for coming in. good to have you here. >> good to be with you. >> is there any reason that i or we the american people can have any optimism this is going to get done before the end of the year? there's not a lot of time left and a lot to deal with. >> yes, there is reason for optimism. there is a combustable risks. but there is opportunities here. with respect to across the board cuts, i think there's a decent chance congress could come up with an alternative way to reduce the deficit over a period of time so you don't have these slashing cuts. you'd have to replace those savings with other savings but that's doable. the tax piece is more complicated. you've heard the president make the point that he wants to immediately extend tax relief to 98% of american people. 100% of the american people would get tax relief on the first $250,000 of their income. on income above that, we should have people go back to the rat
put on the table his ideas on the tax issue. speaker john boehner has said we'll talk about this with you. they both start with strongest positions and then hopefully they can do a compromise on it. the point on this, this isn't just a short-term problem. this is a long-term problem. >> that's what i was going to ask, we've seen the can get kicked down the road. can we get to real results? real answers this time? >> the hope is what you've got is not going to solve this in the next 6 weeks. that's obvious. but should be an overall agreement. that we've got to deal with the entitlement issue. we've got to deal with cuts in the budget. and we've got to deal with the revenue side. the most important thing right now is continue to stimulate the economy to create more jobs so people are paying taxes so we don't have these deficits and if it means targeted tax breaks then we should be considering some of those for small businesses. >> do you think we'll see the compromise we haven't seen? >> i hope so. but it's not a short-term compromise. kicking the can down the road by 6 months
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